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FEDERAL h '*fML RtS .4.*i — * RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release June 13, 1963 The average of daily figures of total member hank reserves held during the week ended June 12 decreased a net of $30 million to $19,409 million. Estimated currency and coin of member banks decreased $35 million and their reserve balances at the Federal Reserve Banks increased $5 million. Estimated required reserves decreased $83 million; and estimated excess reserves increased $53 million to $398 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $l48 million, compared with the revised figure of $127 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $322 million in U- S. Government securities bought outright, $64 million in Federal Reserve float, and $32 million in member bank borrowings. The principal offsetting changes were increases of $199 million in currency in circulation, $131 million in Treasury deposits with Federal Reserve Banks, and $49 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $393 million. As of Wednesday, June 12, holdings of U. S . Government securities bought outright were $l4 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $117 million higher, and member bank borrowings were $84 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright--System account Held under repurchase agreement Acceptances--bought outright Discounts and advances-Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week epcled_ Wednesday; June 13, June 12,1 June 5, June 12, 1963 1962 1963 1963 (In millions of dollars) 31,513 75 53 +322 - 28 + 1 + 1 ;,84l 74 + 11 + 248 + 32 + 1 + 64 +393 - 1 - 2 +390 + + 1 5588 54,626 218 205 +199 - 15 +131 + 49 + 22 1,156 33,052 +385 +1 ,635 -+ 271 + 7 - 135 + 100 +1 ,877 35,359 4P9 635 2.19 243 1,103 37,957 _ 16,669 1 1,332 33,261 15,797 5,58i 54,639 35,298 402 775 16,587 2,822 197509 19,013 396 + + 5 35 30 83 53 - 2C1 59 + 78 ;T5S +2 . - 638 21 + + 389 160 229 232 3 31,555 147 42 255 — 1,258 33,257 15,798 5 ,58.1 3,204 19 19,157 7.10 On June 12, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,985 million, an increase of $23 million for the week and an increase of $2,264 million from the comparable date a year ago. CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) H.4.1(a) June 12, 1963 ASSETS Gold certificate account Redemption fund for F . R. notes Total gold certificate reserves Change since June 13, June 5, 1962 1963... 768 4 + - 3^3 255 42 + l + 84 -- + + 12 83 3, Oil l4, 443 9,699 k, 392 31,5+5 147 31,692 + 14 ---+ i4 + 20 +8,826 -7,483 + 554 +17917 + 147 +2,064 14,235 1,282 15,517 + - 12 8 119 649 * Cash Discounts and advances Acceptances— bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S •Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES c a p i t a l (29*0 +117 +131 +215 12 31,989 5,423 102 345 (1,337) 53,719 +4o4 -+ k +620 +2,159 + 27 5 18 +1,502 (294) 30,239 +110 + 1,676 16,669 -131 +135 + 55 + + 54 +113 - +451 + 70 + 5 +17432 (1,043) 634 219 243 17,765 (1,043) 4,165 81 (1,337) 52,250 + 1 7675 a c c o u n t s 480 Ca p i t a l paid in 934 Surplus 55 Other c a p it a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,337) 53,719 — - 55 +620 4o4 176 6 + + 85 319 24 46 -- +1,502 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol -.2$ - 2.3$ lowing pages--not consolidated) 32 •1$ Contingent liability on acceptances purchased 27 for foreign correspondents 83 * Figures in parentheses are the eliminations made in the consolidating process, see comparable figures on combined basis on the following pages.___________ _ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 12, 19&3 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances Within 15 days 253 l6 days to 90 days 2 ** 91 days to 1 year Over 1 year to 5 years --Over 5 years to 10 years Over 10 years -Total 255 http://fraser.stlouisfed.org/ * * Less than $ 5 0 0 ,0 0 0 . Federal Reserve Bank of St. Louis Acceptances 14 28 __ _ - 42 U. S. Government s e c u r i tie s Changes during week Holdings +135 743 - 11 5,583 l4, 928 + 7 — 8,241 — 2,032 -165 +131 31,692 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 12, 1963 H.4.1(b) Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco 580 54 634 282 27 309 635 51 686 574 39 613 1,892 139 2,031 (In millions of dollLars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves l4, 235 1,282 15,517 790 74 — m r 3,509 306 3,815 727 74 801 1,108 112 1,220 921 109 1,030 765 72 837 2,452 225 2,677 - F. R. notes of other Banks Other cash 29 k 22 78 59 23 18 15 32 18 26 26 343 32 27 66 9 15 20 7 11 10 13 11 36 45 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement 255 14 62 4 15 15 8 51 3 1 25 5 52 42 -- 42 -- -- -- -- -- 3,011 l4,443 9,699 4,392 31,545 147 153 736 494 248 3,618 2,430 2,6o4 200 960 645 292 2,097 Total U. S. Government securities 31.692 Total loans and securities 31,989 Cash items in process of collection Bank premises Other assets TOTAL ASSETS is 224 1,607 755 1,100 7,903 — 166 794 533 241 1,734 1,192 801 363 — — — 163 783 525 238 1,709 120 63 503 2,4i 4 302 574 386 202 l, 621 734 . ____ 32__ 175_ 5,272 1,255 • 659 -- - 126 392 122 6o4 588 1,878 4o6 1,26l 395 lS4 . ,1I3____ m _ 1,320 l, 283 4,102 - — 147 « - * - _ - 1*607 8.050 1.734 2.6o4 2.097 1*209- 5, 212 1,255_ 659 ..._1*320_— 1.^263— 4.102 1,621 8,154 1,738 2,619 2,112 1,717 5,323 1,258 660 1,345 1,288 4,154 6,466 102 34s 450 3 4o6 3 10 543 7 PQ 467 5 1,048 23 210 4 8 329 7 734 pi 503 l4 ?o 272 18 1,214 8 88 55,056 2,996 13,4l6 3,008 4,465 3,679 3,149 9,217 1,218 2,403 2, 224 7,056 53 290 6 . 132,225 15 . 10 12 .. 15-- ____ 4£_ STATEMENT OF CONDITION OF EACH FEDERAL RESERVE RANK O R JURE 12, 1-963 H.4.1(c) Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco (In millions of dollLars) l i a b i l i t i e s Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer-general account Foreign Other Total deposits Deferred a v a ila b ility cash items Other lia b ilit ie s and accrued dividends TOTAL LIABILITIES 30,533 1,819 7,294 1,827 2,636 2,451 1,7^3 5,491 1,268 572 1,216 910 3,306 16.669 681 721 181 2,538 57 29 4 737 4,820 773 1,247 844 48 11 1 904 2,628 666 387 47 5 1 446 797 57 8 2 864 2,752 39 12 1 723 48 9 4 784 932 \„ 45 10 1 1,172 56 19 * 620 634 219 243 17,765 5,208 4,502 66 366 885 321 44l 369 4l6 878 238 170 4 81 53,587 2,926 22 4 7 5 4 13,021 2,925 13 n m n 3 9 17i; 480 23 129 2T 44 23 27 16 93 k 44 9k 87 44 51 67 132 2 3 4 8 3,1^9 4 1/71 11 1 65 27 47 991 2,911 256 235 633 2 1 ifik 3 4 1C 6.86c 21 40 3 28 6k 32 2 11 22 1 53 3 12k 6 9,217 2,225 1,218 2,403 2,224 7,056 12 3 2 3 5 11 658 1,249 9d 4 5 >iL AP ’ 215 800 39 7 * k l CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 55 3 251 15 55,056 2,996 13,416 3,oc8 4,465 3 3,679 4 2/22 5 8 4 | i 83 FEDERAL RESERVE AGENTS’ ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 2,565 1,809 5,630 1,331 580 620 4co 1,400 310 130 285 31,829 1,870 7,583 7,258 32 453 1,600 465 2,250 1,986 iA50 ^,500 3 1,100 550 1,CC0 800 2,800 2,830 2,6c 6 1,850 5,900 1,413 680 1,310 1,015 3,600 4 25,500 1,464 6,icc 1,500 32,790 1,917 7,700 1,969 l/ After deducting $iL8 million participations of other Federal Reserve Banks. 2/ After deducting $ 6l million participations of other Federal Reserve Banks. ,,....y__-r\■-— 2,802 1,90*6” 25 * Less than $500,000.
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